Congressman Jared Polis (D-CO) released the following statement on President Obama's speech on deficit reduction and the economy.
"President Obama offered a smart and balanced approach to the budget that will cut $4 trillion from the deficit while protecting Medicare, growing our economy, and creating jobs for the middle class. While there are still details of the plan to review, I am pleased that the president is restoring sanity to the debate over the deficit and rejecting Congressional Republicans' radical plan to end Medicare as we know it.
"The president's approach builds on the important work of the Bipartisan Fiscal Commission and the $1 trillion in deficit reduction in the President's 2012 budget. I am particularly pleased that the president has pledged to achieve $400 billion of savings at the Pentagon, which has too long wasted taxpayer dollars on weapons systems that aren't needed or don't work.
"I look forward to reviewing the president's deficit plan in full and I thank him for his leadership."